Kotak Mahindra Bank to consider stock split on November 21: What investors should know

The Mumbai-based bank in a regulatory filing said it will “consider a proposal for sub-division (split) of the existing equity shares of the Bank having a face value of ₹5/- each, fully paid-up, in such manner as may be determined by the Board of Directors.”

On Friday, shares of Kotak Mahindra Bank settled at ₹2,082.80 apiece on NSE, gaining 0.37%.

A stock split occurs when a company divides its existing shares into a larger number of smaller-priced shares. While this increases the number of shares an investor holds, the total value of their investment remains unchanged because the share price is reduced proportionally.

Kotak Mahindra Bank Q2 earnings

The country's leading private sector lender had reported a net profit of ₹3,253 crore in the second quarter of the current financial year, marking a decline of 3% from ₹3,344 crore in the same period last year.

The decline in profit came on the back of higher provisions during the quarter. The bank's provisions for bad loans during the quarter jumped by 43% to ₹947 crore from ₹660 crore in the year-ago period.

The Mumbai-based lender's net interest income, or the difference between interest earned on loans and expended on deposits, rose 4.15% to ₹7,311 crore in the July-September period from ₹7,020 crore in the same period last year.

Net interest margin was 4.54% for Q2FY26. Cost of funds was 4.70% for Q2FY26.

Kotak Mahindra Bank showed an improvement in asset quality during the quarter as its gross non-performing assets (NPA), as a percentage of total advances, came in at 1.39% compared with 1.49% in the year-ago period. Its net NPA came in at 0.32% as against 0.43% in the year-ago period.

In absolute terms gross NPA were ₹6,479.58 crore compared with 6,033.17 crore in the same period last year.